9.23.2009

FOOD FOR THOUGHT: Former XYZ Partners' New Firm Thrives

The fledgling boutique has already picked up some notable new clients like ...The timing was right for a change.--------XX’s clients -- mostly major Hollywood studios and media companies -- were increasingly chafing at the rates he and his colleagues charged at Los Angeles-based litigation giant XYZ.--------So XX and fellow media-focused XYZ partners BB and RR took a leap of faith in May and left the prominent firm to start their own litigation boutique in Los Angeles, called XX RR & RR.--------"The three of us needed to choose the path that would most benefit the clients," XX said.With the economy just starting to climb out of its slump, it may seem a risky time to launch any new venture. Kendall insists that the recession created the ideal conditions to start a new firm, thanks to the growing thriftiness of clients. The plan for the new firm was fairly simple: lower billing rates, more flexibility to enter into alternative fee arrangements and significantly lower overhead than their former firm.--------Five months in, the trio's gamble seems to be paying off. (Read full text at: http://www.law.com/jsp/law/sfb/lawArticleSFB.jsp?id=1202433993202&rss=newswire)[Nomes substituídos por letras]

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